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Value: $mlns
Acquirer Seller
2025-12-11 Velocity Bioworks
Life Science
Durham, North Carolina

Velocity Bioworks will offer integrated contract development and manufacturing services at its purpose-built, state-of-the-art facility in San Antonio. Velocity Bioworks focuses on rapidly advancing biologic programs to the clinic and will offer a broad array of analytical testing, process development, and manufacturing services. Velocity Bioworks is based in Durham, North Carolina.

Divestiture

Tivic
Company
Electronics
Fremont, California
www.tivichealth.com

Scorpius Holdings
Company
Life Science
Morrisville, North Carolina
www.scorpiusbiologics.com

Deal Article Deal Link  
2025-12-11 Veralox Therapeutics - VLX-1005
Life Science
Frederick, Maryland

Veralox Therapeutics's VLX-1005 includes all the VLX-1005 and related 12-lipoxygenase (12-LOX) assets. VLX-1005 is a novel, potent, selective small-molecule inhibitor of 12-LOX, a key pathway driving immune platelet-mediated inflammation and a contributor to the pathogenesis of HIT. Veralox Therapeutics's VLX-1005 is based in Frederick, Maryland.

Divestiture

Cadrenal Therapeutics
Company
Life Science
Ponte Vedra, Florida
www.cadrenal.com

Veralox Therapeutics
Company
Life Science
Frederick, Maryland
www.veralox.com

Deal Article Deal Link  
2025-12-10 Pharmathen - Ophthalmology Business
Life Science
Amstelveen, Netherlands

Pharmathen's Ophthalmology Business is primarily a glaucoma‑focused pharmaceutical portfolio. Pharmathen's Ophthalmology Business is based in Amstelveen, Netherlands.

Divestiture

NTC
Company
Life Science
Milan, Italy
www.ntcpharma.com

Advisors: Deloitte Legal - Laga , KPMG Corporate Finance

Pharmathen
Company
Life Science
Amstelveen, Netherlands
www.pharmathen.com

Deal Article Deal Link  
2025-12-09 Staccato OBT
Life Science
Mountain View, California
www.staccatoobt.com

Staccato OBT is a breath-activated drug-delivery platform originally developed to deliver aerosolized medicines rapidly, non-invasively, with onset times similar to intravenous administration. The technology has been applied to therapeutic programs such as loxapine for acute agitation and is being developed for other central-nervous-system indications in collaboration with biopharmaceutical partners.

Divestiture

Lee’s Pharmaceutical
Company
Life Science
Hong Kong, China
www.leespharm.com

Alexza Pharmaceuticals, Inc.
Company
Life Science
Mountain View, California
www.alexza.com

Deal Article Deal Link  
2025-11-19 Factor Bioscience - Dual-CAR T Programs
Life Science
Cambridge, Massachusetts

Factor Bioscience's Dual-CAR T Programs are specifically designed to target patients with extramedullary disease (EMD), which we are referring to as TPST-2003 and are based in Cambridge, Massachusetts.

Divestiture

Tempest Therapeutics
Company
Life Science
Brisbane, California
www.tempesttx.com

Advisors: Cooley , MTS Health Partners

Factor Bioscience
Company
Life Science
Cambridge, Massachusetts
www.factor.bio

Deal Article Deal Link  
2025-11-17 Sebela Pharmaceuticals - Bowel Prep Franchise
Life Science
Roswell, Georgia

Sebela Pharmaceuticals' Bowel Prep Franchise includes prescription therapies for colonoscopy preparation and is based in Roswell, Georgia.

Divestiture

Azurity Pharmaceuticals
Company
Life Science
Woburn, Massachusetts
www.azurity.com

Advisors: Eversheds Sutherland , Barclays Investment Bank

Sebela Pharmaceuticals
Company
Life Science
Roswell, Georgia
www.sebelapharma.com

Advisors: Mayer Brown , Jefferies

Deal Article Deal Link  
2025-11-13 CrownBio
Life Science
San Diego, California
www.crownbio.com

CrownBio is a preclinical contract research organization (CRO) focused on oncology, immuno-oncology, inflammation, cardiovascular, and metabolic disease drug discovery. The firm provides in vitro, in vivo, and translational biology platforms, including patient-derived xenograft (PDX) models, organoids, and bioinformatics to help biopharmaceutical companies advance therapeutic programs. CrownBio was founded in 2006 and is headquartered in San Diego, California.

Divestiture
Value

$204

Adicon
Company
Life Science
Hangzhou, China
www.adicon.com.cn

JSR Life Sciences Corp.
Company
Life Science
Sunnyvale, California
www.jsrlifesciences.com

Deal Article Deal Link  
2025-11-06 Baergic Bio
Life Science
New York, New York
www.baergicbio.com

Baergic Bio operates as a clinical-stage pharmaceutical company focused on developing an oral small-molecule therapeutic (BAER-101) targeted at central nervous system disorders such as epilepsy and anxiety. Baergic Bio was founded in December 2019 and is headquartered in New York, New York.

Divestiture

Axsome
Company
Life Science
New York, New York
www.axsome.com

Avenue Therapeutics
Company
Life Science
Bay Harbor Islands, Florida
www.avenuetx.com

Deal Article Deal Link  
2025-10-17 Renal Anti-Fibrotic Therapeutic Program
Life Science
Rosebery, Australia

The Renal Anti-Fibrotic Therapeutic Program includes a novel new chemical entity, VB4-P5, along with its associated intellectual property, regulatory documentation, and manufacturing data. The program is currently at the pre-IND (Investigational New Drug) stage of development and targets both rare and prevalent forms of kidney disease — areas with substantial unmet medical need.

Divestiture
Value

$2

XORTX Therapeutics
Company
Life Science
Calgary, Alberta
www.xortx.com

Vectus Biosystems
Company
Life Science
Rosebery, Australia
www.vectusbiosystems.com.au

Deal Article Deal Link  
2025-10-15 JSR Life Sciences - Chromatography Business
Life Science
Sunnyvale, California

JSR Life Sciences' Chromatography Business provides chromatography services.

Divestiture

Merck
Company
Diversified
Darmstadt, Germany
www.merckgroup.com

JSR Life Sciences Corp.
Company
Life Science
Sunnyvale, California
www.jsrlifesciences.com

Deal Article Deal Link  
2025-10-08 Polynoma
Life Science
San Diego, California
www.polynoma.com

Polynoma is a U.S. immuno-oncology-focused biopharmaceutical company using its lead asset, a novel polyvalent shed antigen vaccine, seviprotimut-L, for the prevention of recurrence of melanoma. Polynoma is based in San Diego, California.

Divestiture

TransCode
Company
Life Science
Newton, Massachusetts
www.transcodetherapeutics.com

Advisors: Orrick , Tungsten Advisors

CK Life Sciences Int’l.
Company
Life Science
Tai Po, China
www.ck-lifesciences.com

Advisor: Freshfields Bruckhaus Deringer

Deal Article Deal Link  
2025-10-01 Elutia's BioEnvelope Business
Life Science
Silver Spring, Maryland

Elutia's BioEnvelope Business includes the EluPro and CanGaroo bioenvelopes. Elutia's BioEnvelope Business is based in Silver Spring, Maryland.

Divestiture
Value

$88

Boston Scientific
Company
Medical Products
Marlborough, Massachusetts
www.bostonscientific.com

Elutia
Company
Life Science
Silver Spring, Maryland
www.elutia.com

Deal Article Deal Link  
2025-09-17 Orflo Technologies
Life Science
Ketchum, Idaho
www.orflo.com

Orflo Technologies is a supplier of cell analysis instruments, including flow cytometers and cell counters, consumables, and reagents. ORFLO’s two flagship products are the Moxi Go, a benchtop flow cytometer, and the Moxi Z, a cell counter. Orflo Technologies was founded in 2003 and is based in Ketchum, Idaho.

Divestiture

Precision Cell Systems
Company
Life Science
Livermore, California
www.precisioncellsystems.com

United BioChannels
Company
Life Science
San Diego, California
www.unitedbiochannels.com

Deal Article Deal Link  
2025-09-10 Volta Labs - Callisto Platform
Life Science
Boston, Massachusetts

Volta Labs' Callisto Platform helps streamline sample preparation across multiple genomics workflows, supporting both Illumina and Oxford Nanopore Technologies (ONT) sequencing platforms. Volta Labs' Callisto Platform is based in Boston, Massachusetts.

Divestiture

Prinses Maxima Center
Company
Healthcare Services
Utrecht, Netherlands
www.prinsesmaximacentrum.nl/nl

Volta Labs
Company
Life Science
Boston, Massachusetts
www.voltalabs.com

Deal Article Deal Link  
2025-08-25 Gilgamesh - Bretisilocin
Life Science
New York, New York

Gilgamesh's Bretisilocin is a 5-HT2A receptor agonist and 5-HT releaser, a novel, next-generation psychedelic compound designed to address development challenges observed within this class of compounds.

Divestiture
Value

$1,200

AbbVie
Company
Life Science
North Chicago, Illinois
www.abbvie.com

Advisor: Covington & Burling

Gilgamesh
Company
Life Science
New York, New York
www.gilgameshpharmaceutical.com

Advisors: Ropes & Gray , Centerview Partners

Deal Article Deal Link  
2025-08-07 Melinta Therapeutics
Life Science
Parsippany, New Jersey
www.melinta.com

Melinta Therapeutics is a molecule drug discovery and development company focused on the structure-based design of new classes of antibiotics. Melinta Therapeutics is based in New Haven, Connecticut.

Divestiture
Value

$300

CorMedix
Company
Life Science
Berkeley Heights, New Jersey
www.cormedix.com

Advisors: Willkie Farr & Gallagher , Moelis & Co. , RBC Capital Markets

Cempra Pharmaceuticals, Inc.
Company
Life Science
Chapel Hill, North Carolina
www.cempra.com

Deal Article Deal Link  
Avg $909
18.4x EBITDA
4.7x REVENUE

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